Russian Firm’s IPO Raises $1.1 Billion

1:08 PM MST | November 7, 2007 | Chemical Week Editorial Staff

Uralkali (Berezniki, Russia) raised $1.1 billion from an initial public offering (IPO) of shares in London and Russia last month. The company sold about 14.4% of its stock, or 305 million shares, in the IPO. It is Uralkali’s second attempt at an overseas IPO after the company abandoned plans to list its shares in London last year. Uralkali is majority owned by Russian billionaire Dmitry Rybolovlev. The company says it is the world’s fifth-biggest producer of potash...